Senior Derivatives Risk Control Specialist
Bybit · Abu Dhabi, United Arab Emirates · 1mo ago
SeniorOn-siteRisk & Compliance
About Us
Established in 2018, Bybit is one of the world’s leading cryptocurrency exchanges and digital financial platforms, serving over 80 million users across more than 200 countries and regions. Powered by world-class technology and a user-first mindset, Bybit delivers a seamless ecosystem across trading, payments, wealth management, custody, institutional services, and Web3 — connecting users to the future of digital finance.
Our core values define how we build. We listen, care and improve to create products and experiences that put users first. Backed by a global team of ambitious builders, problem-solvers, and innovators, we foster a high-performance and fast-moving environment where talent is empowered to drive real impact at the global scale. Supported by 24/7 multilingual customer service and a strong commitment to innovation, we are shaping the future of finance through technology, collaboration, and bold execution.
Today, Bybit is recognized as one of the most trusted and transparent platforms in the digital asset industry, continuing to expand its global presence while building the infrastructure for the next generation of financial services.
Position Overview
Responsible for building the underlying risk framework for the exchange's derivatives product line, covering pricing logic, risk parameter design, and monitoring mechanisms for perpetual contracts, futures contracts, options, and other products, ensuring risk controllability and system stability under extreme market conditions.
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Core Responsibilities
Derivatives Underlying Financial Logic Design
Risk Parameter Design & Iteration
Risk Monitoring & Alerts
Cross-Department Collaboration
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Qualifications
Required
Preferred
Responsible for building the underlying risk framework for the exchange's derivatives product line, covering pricing logic, risk parameter design, and monitoring mechanisms for perpetual contracts, futures contracts, options, and other products, ensuring risk controllability and system stability under extreme market conditions.
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Core Responsibilities
Derivatives Underlying Financial Logic Design
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Design perpetual contract funding rate mechanisms, including billing frequency, upper/lower bounds, and premium index calculation logic
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Participate in futures contract settlement price methodology design, including TWAP/index source weighting and anti-manipulation mechanisms
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Design options product pricing models (Black-Scholes, volatility surface fitting) and assess systemic risk upon introduction
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Develop maximum leverage, position limit strategies per instrument, dynamically adjusted based on market depth
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Design ADL (Auto-Deleveraging) trigger mechanisms and ranking rules, optimizing user experience and risk isolation effectiveness
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Design insurance fund utilization rules and replenishment mechanisms
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Develop circuit breaker contingency plans and emergency response procedures for extreme market events (flash crashes, liquidity crises)
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Monitor abnormal Mark Price deviations from spot index to prevent unreasonable liquidations
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Collaborate with product teams to define risk control admission criteria for new derivative listings (token liquidity, market cap, volatility thresholds)
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Participate in Market Surveillance to investigate suspected manipulation of liquidations, wash trading, pump-and-dump, and other market violations
Qualifications
Required
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Bachelor's degree or above in Finance, Mathematics, Statistics, Computer Science, or related fields
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3+ years of derivatives-related experience, including traditional finance (futures/options market making, risk management) or crypto exchange risk management
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Deep understanding of perpetual contract mechanics (funding rate, Mark Price, liquidation logic) and differences from traditional futures
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Proficient in Python, capable of independently conducting data analysis, parameter backtesting, and model validation
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Solid foundation in probability theory and statistics, understanding of VaR, Expected Shortfall, and other risk measurement methodologies
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Familiarity with options pricing theory, with experience in volatility smile/surface modeling
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Proficiency in SQL / Spark, able to independently query on-chain or exchange internal data
Why Join Us
At Bybit, we are committed to fostering a supportive and enriching work environment.
Our benefits include:
- Study Growth Fund: We support your professional development and continuous learning.
- Internal Events: Participate in regular team-building activities, workshops, and events designed to promote collaboration and innovation.
- Global Collaboration: Be part of a diverse, international team, working alongside colleagues from around the world.
- Career Advancement: Access opportunities for growth and advancement within a rapidly expanding global company.
- Internal Mobility: Grow with us- Your long-term development is important to us. We offer internal job opportunities to help build your career path.